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The Community College Infrastructure Financing Act establishes a federal tax credit program for Qualified Community College Bonds, allowing states, local governments, and tribal governments to issue bonds to finance community college infrastructure projects. The bill creates a $1 billion annual national cap on bond issuances, allocates funding by state (capped at 10% per state), and prioritizes projects in underserved areas, those with partnerships to other educational institutions, and those meeting green building standards. Eligible uses include constructing or expanding community colleges, purchasing equipment, developing online resources, and providing childcare and other student support services.
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